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MSEDC TO RETURN 530 CRORES TO THE POWERLOOM OWNERS

powerloom-1Bringing relief to the many powerloom owners at Bhiwandi, the Mumbai High Court and Supreme Court has directed MSEDC to pay the Rs 530 crores, which was collected by MSEDC in the name of RLC. And this is not it. MSEDC is also being questioned now for hiring advocate Arun Jaitley for the case by paying Rs five lakhs which is the money of its consumers. In the year 2004, the MSEDC had charged a total of Rs 530 crores from 9 lakh power loom owners for providing three phase meters and electricity at Biwandi. When this was challenged in the High Court and then Supreme Court, the decision has come in favor of the consumers. The decision is very much going to benefit the power loom owners of Bhiwandi. However MSEDC had hired Advocate Arun Jaitley for the case. They have requested the Supreme Court to allow it to pay the money in 10 installments which has been agreed by the Court and hence every month MSEDC would have to pay 1.62 crores as RLC repayment. With cameraperson Dyaneshwar Mali, Archana Tripathi for NMTV News.

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